Waec Accounts - Principles of Accounts 2003 Past Questions and Answers

Question 51:

• WAEC 2003

The purchase of a typewriter for office use was debited to purchases Account. This is an error of

A. Original entry
B. Commission
C. Principle
D. Omission

Question 52:

• WAEC 2003

Which of the following has multiple uses?

A. Sales jounal
B. Purchases journal
C. General jounal
D. Returns outwards journal

Question 53:

• WAEC 2003

The art of recording transactions in books of account is known as

A. Debiting
B. Book-keeping
C. Auditing
D. Crediting